Thursday, November 21, 2024

Top 3 Best DeFi Projects Analysis of Last Month

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Stanislav Shishkin
Stanislav Shishkinhttps://cryptoapa.com/
Stanislav is one of the lead copywriters on cryptoapa.com and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Stanislav at cryptoapa.com
  • The Malaysian-based SocialFi platform has opted to lead the charge.
  • DeversiFi is a second-layer Ethereum trading platform.

Let us take a look at the top three DeFi projects by price performance of the last 30 days as per CryptoDep.

Torum (XTM)

Torum’s Huobi-backed SocialFi platform and ecosystem dominate the social aspect of this growing business, which has been on the rise since the advent of the NFT market. When it comes to cryptocurrency and blockchain, the Malaysian-based SocialFi platform has opted to lead the charge. The unveiling of the world’s first socially integrated avatar, NFT, will be the catalyst for this progress.

The Torum price today is $1.99 USD with a 24-hour trading volume of $14,893,459 USD. Torum gained a 1922% increase in the last month as per CryptoDep. It also touched its ATH of $2.39 on Nov 19.

Loopring (LRC)

LRC is the coin of Loopring, an open protocol for constructing decentralized crypto exchanges built on the Ethereum blockchain. During the previous several days, the number of unique LRC addresses has increased by 150 percent. As a result, Loopring on-chain activity seems to be on the rise.

1638306680 26 Top 3 Best Value DeFi Projects By Price Performance of
LRC/USDT: Source: TradingView

In addition, the number of first-time visitors to the LRC reached a high of 1706 during the week. That’s more new addresses in the previous 24 hours than most ERC-20 tokens generate in a week, according to a Santiment report.

The Loopring price today is $2.81 USD with a 24-hour trading volume of $524,672,945 USD. Loopring gained 421% in the last one month as per CryptoDep. It also touched its ATH of $3.83 on Nov 10.

DeversiFi (DVF)

To make use of Decentralized Finance, DeversiFi is a second-layer Ethereum trading platform. There is no Ethereum network cost for trading, sending, or investing on this platform.

Investors looking to get a leg up on the competition in DeFi will find it here. It is possible to exchange, trade, farm, transmit, and invest in some of the top DeFi interest-earning options after you’ve linked your wallet and put tokens into DeversiFi. All of this can be done without incurring Ethereum gas charges and in total secrecy.

The DeversiFi price today is $17.37 USD with a 24-hour trading volume of $8,565,181 USD. DeversiFi gained 291% in the last month as per CryptoDep, and it touched its ATH of $18.60 on Nov 26.

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